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Tuesday, October 06, 2009

Inspector General: Treasury Secretary Forced Banks to Surrender Ownership Interest to Government

Fascism is alive in the United States as the government continues to nationalize key industries and employers.

From CNSNews.com:
In a new report, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP), reveals that then-Treasury Secretary Henry Paulson and key federal regulators forced the nation's nine largest financial institutions to take billions in taxpayer bailout dollars in October 2008, threatening that if the banks refused, the government would take their stock shares anyway.
CNSNews.com - Inspector General: Treasury Secretary Forced Banks to Surrender Ownership Interest to Government

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